Securian Asset Management Inc lessened its position in shares of KeyCorp (NYSE:KEY) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,785 shares of the financial services provider’s stock after selling 1,417 shares during the quarter. Securian Asset Management Inc’s holdings in KeyCorp were worth $1,549,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. First Interstate Bank lifted its holdings in KeyCorp by 853.0% during the fourth quarter. First Interstate Bank now owns 2,049 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,834 shares in the last quarter. IMS Capital Management purchased a new position in shares of KeyCorp in the third quarter worth about $106,000. Reilly Financial Advisors LLC lifted its stake in shares of KeyCorp by 408.3% in the third quarter. Reilly Financial Advisors LLC now owns 6,354 shares of the financial services provider’s stock worth $126,000 after buying an additional 5,104 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of KeyCorp by 104.1% in the fourth quarter. First Mercantile Trust Co. now owns 8,530 shares of the financial services provider’s stock worth $126,000 after buying an additional 4,350 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of KeyCorp in the fourth quarter worth about $137,000. Institutional investors own 79.70% of the company’s stock.
KEY has been the topic of several research reports. CIBC reissued an “average” rating on shares of KeyCorp in a research note on Monday, February 4th. Desjardins reissued an “average” rating and issued a $34.00 price target on shares of KeyCorp in a research note on Tuesday, February 5th. Stephens reissued a “buy” rating and issued a $19.00 price target on shares of KeyCorp in a research note on Wednesday, December 19th. BMO Capital Markets reissued a “buy” rating and issued a $19.00 price target on shares of KeyCorp in a research note on Tuesday, December 18th. Finally, Raymond James reissued a “buy” rating on shares of KeyCorp in a research note on Thursday, November 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.01.
Shares of KEY stock opened at $16.97 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97. KeyCorp has a 12 month low of $13.65 and a 12 month high of $22.40. The stock has a market cap of $17.56 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.55 and a beta of 1.19.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 17th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. KeyCorp had a net margin of 24.74% and a return on equity of 13.26%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, research analysts anticipate that KeyCorp will post 1.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, March 4th. KeyCorp’s dividend payout ratio is presently 39.31%.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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